Mobile Home parks with RV

[Jesse Martin]

Brandon has been talking about Mobile home parks for a little while now.  I have been interested in them for awhile, and have a few possibilities.  Question I have is it better to buy a straight mobile home park, or has anyone had experience with mobile home park and RV spots?  This park is about 60/40.  Good?  Bad?  what is the recommendation?

Thanks for the discussion!

[Belinda Lopez]

It just depends on your goals.  Mixed parks are fine as long all the residents are all monthly.  It does not work if the RV portion also tries to cater to short-term travelers.

The RV spaces are no different than the MHP if they are monthly.  We've seen folks stay over 10 years in RVs in parks.

The 'man camp' parks are problem for long-term investors.  We're seeing folks build them quickly and then try to sell for extreme prices based on current income.  The boom always ends and unless there is something else to keep folks there, those parks can empty out quickly.